Idemitsu Kosan and Doosan Corporation announced a new OLED business arrangement and cross-patent agreement. The two companies will cooperate in OLED manufacturing and each company will be allowed to develop, manufacture and sell OLED materials using the other company's patents.

Idemitsu and Doosan hope that the new agreement (which will hopefully be concluded by the end of 2015) will enable the acceleration of OLED material development, lower production costs and an increase in OLED supply deals.

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